Investment land, Lower Saxony, Germany

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Investment land, Lower Saxony, Germany

4,500,000 €
310 € /m²
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  • Total area
    14,491 m²
  • Land area
    3,750 m²
Details
Property parameters
  • 4-floor building
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.0% + VAT

A plot for the construction of an apartment building with retail space on the ground floor.

Description

A preliminary permit for the building of a four-story house with 3 commercial units on the ground floor is received.

According to the project, the building consists of 105 apartments ranging from 35 to 187 m², storage space of 248 m² and 3 retail units with a total area of 769 m².

The tenants of the commercial premises are a pharmacy, a shop of glasses, a store of hearing aids.

It is possible to purchase the ”turn-key“ object, in this case, the price is negotiable.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5,0%.

Brokerage fee is 4% + VAT 19% (total 4,76%).

Location and nearby infrastructure

The proprty is located near the city of Wolfsburg, known for being the headquarters of the Volkswagen Group.

The district belongs to the industrial region of Gifhorn, one of the largest in Lower Saxony. The region has a developed metal-working, construction, printing industry, as well as services and agriculture.

The area is popular with tourists because of the proximity of the Lüneburg Heath.

The area is well-developed infrastructure: shops, pharmacies, a large shopping park and hotels are in close proximity. Nearby there are public transport stops and access to the motorway.

The distance to Wolfsburg is 10 km, to the Volkswagen plant — 8 km, to Braunschweig — 40 km.

More properties

If this property wasn’t for you, take a look at other investment land for sale in Lower Saxony.

All ads in the country: investment land for sale in Germany.

Tranio helps to manage property after purchase

Our local team at Tranio in Germany will take up property management or recommend professional German partners.

The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a investment land purchase with a construction loan

Investment vehicle
Investment land
Construction loan
Yield per annum
4%—5%
8—10%
Investment budget
4,500,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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